The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Stephens Production Co. retained EnergyNet for the sale of certain oil and gas properties including a large asset package located throughout Colorado, Michigan, North Dakota, Oklahoma, Texas and Wyoming.

The sealed-bid offering comprises 243 properties and includes nonoperated working interest, overriding royalty interest (ORRI) and royalty interest generating around $250,000 a month in cash flow. Bids are due at 4 p.m. CST on Feb. 10. The transaction is expected to close in early March with an effective date of Jan. 1.

Highlights:

  • Nonoperating Working Interest in 56 Properties:
    • Average Working Interest ~19.81% / Average Net Revenue Interest ~16.53%
    • 51 Producing Properties | One Saltwater Disposal | Four Shut-In Properties
    • Select Operators: ConocoPhillips and MD America Energy LLC
  • Royalty Interest in 105 Properties:
    • Average Royalty Interest ~4.27%
    • 85 Producing Properties | 20 Shut-In Properties
    • Select Operators: Blackbeard Operating LLC and Merit Energy Co.
  • ORRI in 75 Properties:
    • Average ORRI ~0.32%
    • 63 Producing Properties | 12 Shut-In Properties
    • Select Operators: Birch Operations Inc. and Hilcorp Energy Co.
  • Participating Minerals in Seven Producing Properties:
    • Average Working Interest/Net Revenue Interest ~1.46%
    • Operators: EOG Resources Inc. and SM Energy Co.
  • Six-month Average 8/8ths Production: 10,123 bbl/d of Oil and 33,712 Mcf/d of Gas
  • Six-month Average Net Income: $256,504/Month
EnergyNet Marketed Map - Stephens Production Asset Package Across CO MI ND OK TX WY
(Source: EnergyNet)

Separately, Stephens Production Co. also retained EnergyNet for the sale of a seven-well Mississippian Play package with operations plus HBP leasehold acreage in Oklahoma’s Woods County. Bids for the separate package are due by 1:35 p.m. CST on Feb. 9.

For complete due diligence information on either package visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.

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